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House Bill 141

Actions | Amendments
Last Action to Appropriations & Revenue (S)
Title AN ACT relating to tax credits for farmers.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 299
Sponsors T. McKee, M. Denham, J. Bell, D. Butler, L. Clark, J. Donohue, M. Dossett, C. Embry Jr., J. Glenn, D. Graham, R. Heath, R. Huff, K. King, M. King, C. Miller, T. Mills, S. Overly, R. Quarles, T. Riner, B. Rowland, J. Shell, R. Smart, W. Stone, G. Stumbo, T. Thompson, T. Turner, G. Watkins, S. Westrom, B. Yonts
Summary of Original Version Create a new section of KRS Chapter 141 to define "donor," "edible agricultural products," "nonprofit food program," and "qualified taxpayer"; allow a qualified taxpayer/donor to receive a tax credit for donating edible agricultural products to nonprofit food programs; set the tax credit amount at ten percent; establish requirements for pass-through entities; describe the forms that shall be used to record donation information; describe standards for estimating the value of donated edible agricultural products; allow a tax credit to be carried forward to subsequent years; amend KRS 141.0205 to specify the ordering of the credit; clarify the farm operation tax credit; make technical corrections.
Index Headings of Original Version Taxation, Income--Individual - Agricultural food donations, allow income tax credit for
Agriculture - Agricultural food donations, allow income tax credit for
Animals, Livestock, and Poultry - Agricultural food donations, allow income tax credit for
Charitable Organizations and Institutions - Agricultural food donations, allow income tax credit for
Fiscal Note - Agricultural food donations, allow income tax credit for
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
01/11/13
  • introduced in House
02/05/13
  • to Appropriations & Revenue (H)
02/15/13
  • posted in committee
02/19/13
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/20/13
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 21, 2013
02/21/13
  • 3rd reading, passed 97-0 with Committee Substitute
02/22/13
  • received in Senate
02/26/13
  • to Appropriations & Revenue (S)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Fiscal Note
Summary Create a new section of KRS Chapter 141 to define "donor," "edible agricultural products," "nonprofit food program," and "qualified taxpayer"; allow a qualified taxpayer/donor to receive a tax credit for donating edible agricultural products to nonprofit food programs; set the tax credit amount at 10 percent; establish requirements for pass-through entities; describe the forms required to be used to record donation information; describe standards for estimating the value of donated edible agricultural products; allow a tax credit to be carried forward to subsequent years; require the sunset of the tax credit after 4 years; amend KRS 141.0205 to specify the ordering of the credit; clarify the farm operation tax credit; make technical corrections.
Index Headings Taxation, Income--Individual - Agricultural food donations, allow income tax credit for
Agriculture - Agricultural food donations, allow income tax credit for
Animals, Livestock, and Poultry - Agricultural food donations, allow income tax credit for
Charitable Organizations and Institutions - Agricultural food donations, allow income tax credit for
Fiscal Note - Agricultural food donations, allow income tax credit for

Last updated: 8/27/2019 7:53 PM (EDT)